CREDIT GUARANTEE PROGRAMS AND U.S. MARKET SHARE IN SELECTED WHEAT IMPORT MARKETS

Abstract

Export credit guarantee programs are under increasing scrutiny, as policymakers seek assurance that the budgetary costs and risks borne by taxpayers are justified by expanded agricultural exports. This study provides empirical estimates of the effects of credit guarantees on U.S. wheat exports to major recipient countries.Credit Guarantee Programs, Wheat Exports, Armington Demand Models, International Relations/Trade,